Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Argan (AGX)

Argan Reports Record Q1 Revenue of $291.0 Million, EPS Rises to $3.24

Positive Impact 3 of 5 earnings Written later

Argan, Inc. reported results for the three months ended April 30, 2026, with revenue up 50.2% year over year to $291.0 million and net income of $46.1 million, or $3.24 per diluted share, versus $1.60 a year earlier. Gross margin rose to 21.0% and the company held $973.6 million in cash, cash equivalents and investments with no debt, though backlog fell to $2.8 billion from $2.9 billion.

Key points

  • Revenue of $291.0 million, up $97.3 million or 50.2% from $193.7 million a year earlier
  • Net income of $46.1 million, or $3.24 per diluted share, versus $22.6 million, or $1.60, a year earlier
  • Project backlog of approximately $2.8 billion at April 30, 2026, down from $2.9 billion at January 31, 2026
  • Quarterly cash dividend of $0.500 per share versus $0.375 a year earlier

The filing

CompanyArgan (AGX)
Form8-K, current report
Filed with the SECJun 4, 2026, 4:10 PM ET
Accession number0001104659-26-070517

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.